Select Water Solutions (NYSE:WTTR) Rating Lowered to Hold at Northland Capmk

Select Water Solutions (NYSE:WTTR - Get Free Report) was downgraded by investment analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of Select Water Solutions in a research note on Tuesday, October 14th. Raymond James Financial reiterated a "strong-buy" rating and issued a $16.00 price objective on shares of Select Water Solutions in a report on Wednesday, November 5th. Northland Securities lowered Select Water Solutions from an "outperform" rating to a "market perform" rating and set a $12.00 target price for the company. in a research report on Thursday. Finally, Wall Street Zen cut shares of Select Water Solutions from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.25.

Read Our Latest Analysis on WTTR

Select Water Solutions Trading Down 6.7%

NYSE:WTTR opened at $10.10 on Thursday. The company's 50 day moving average price is $10.57 and its 200-day moving average price is $9.39. Select Water Solutions has a 52 week low of $7.20 and a 52 week high of $15.14. The company has a quick ratio of 1.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 53.13 and a beta of 1.18.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03. The company had revenue of $322.24 million during the quarter, compared to analyst estimates of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The firm's revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. On average, equities research analysts forecast that Select Water Solutions will post 0.91 earnings per share for the current fiscal year.

Insider Transactions at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 152,173 shares of the business's stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $11.04, for a total transaction of $1,679,989.92. Following the completion of the sale, the chief executive officer directly owned 39,646 shares in the company, valued at $437,691.84. The trade was a 79.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.40% of the company's stock.

Hedge Funds Weigh In On Select Water Solutions

Several institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in Select Water Solutions by 160.2% during the third quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company's stock valued at $28,000 after buying an additional 1,610 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Select Water Solutions in the third quarter worth approximately $29,000. State of Alaska Department of Revenue purchased a new position in shares of Select Water Solutions during the 3rd quarter worth $33,000. Osaic Holdings Inc. boosted its stake in shares of Select Water Solutions by 59.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company's stock worth $42,000 after acquiring an additional 1,830 shares during the last quarter. Finally, State of Wyoming grew its position in shares of Select Water Solutions by 34.1% during the 1st quarter. State of Wyoming now owns 5,932 shares of the company's stock valued at $62,000 after acquiring an additional 1,509 shares during the period. Institutional investors own 81.73% of the company's stock.

Select Water Solutions Company Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.

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